-The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?
A) -$146 billion
B) -$183 billion
C) -$99 billion
D) $142 billion

Question

-The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?
A) -$146 billion 
B) -$183 billion 
C) -$99 billion 
D) $142 billion

Quizplus · Accepted Answer

The balance on the capital and financial account is calculated by offsetting the current account balance. If the current account balance is not directly provided, it can be inferred from the given data. Since no table is provided, the correct answer cannot be determined from specific data. However, the principle is that if a country has a deficit in its current account, it must have an equivalent surplus in its capital and financial account (or vice versa), ensuring that the balance of payments sums to zero. The answer provided (A) -$146 billion, is selected based on the premise of the question, but without the specific data from the table, this is a general explanation of how the balance on the capital and financial account would be determined.

-The Above Table Shows Some of the Balance of Payments